CoinTalk

Welcome to Coin Talk! Register Now, it's easy and FREE!

Thousands of coin collectors, numismatists, coin dealers, bullion investors, and enthusiasts make Coin Talk their number one source for numismatic news, information about US and world coins, discussions and community.

You are currently viewing Coin Talk as a guest, which limits your access to content, contests and information. By joining our free community, you will be able to join in discussions, contact other members, place free advertisements, enter contests, and much more. Registration is easy and free. Register Now


Go Back   CoinTalk > Coin Forums > Bullion Investing

Notices

Bullion Investing Discuss gold, silver, platinum and other metals sometimes formed into coins and sold as investments.

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
Old 02-24-2009, 08:40 PM   #1 (permalink)
Junior Member
 
Join Date: Feb 2009
Posts: 9
My Mood:
Question COA vs non COA

what's your opinion about coins w/ COA or w/o COA ? will you give the same value/price with them ?

in this case we talk about gold or silver coins for investing i think
temmy24k is offline   Reply With Quote
Old 02-24-2009, 09:20 PM   #2 (permalink)
Rat Powered
 
BigsWick's Avatar
 
Join Date: Jun 2005
Location: Wyoming
Posts: 599
Send a message via AIM to BigsWick
I once heard COAs described as worthless pieces of paper. I think that is true in a lot of cases. For example, many of the ones that come with coins purchased off of TV shows or from the various "mints" (not THE US Mint) are pretty generic, only stating that the seller guarantees the coin, whatever it is, to be authentic. Sometimes the COA doesn't give the denomination of the coin, and it certainly doesn't get specific enough to give the date and mintmark. Call me jaded, but I've often felt that they do this to make a buyer feel more at ease with his purchase yet at the same time giving them a way to avoid any type of claim against them for selling a counterfeit coin, or even one that was misgraded. The COA is too non specific for a reason. Moreover, I've seen many of the same COAs used for multiple series and multiple denominations of coins too, both silver and gold.

The best thing for you to do is to become very familiar with whatever it is you are collecting. A COA is a COA. It isn't going to tell you that the coin looks right, feels right, weighs properly, grades correctly, and so forth.
__________________
"Yes, I do have 3 cents, but I'd rather have 97 cents change from my dollar."

Betsy

Sheila
BigsWick is offline   Reply With Quote
Old 02-24-2009, 09:53 PM   #3 (permalink)
jasmine
 
elaine 1970's Avatar
 
Join Date: Jan 2007
Location: new york city
Posts: 5,390
My Mood:
i rather have a coin with original c.o.a. and other things attached to it. even if the c.o.a. is nothing important. it look complete. beside having c.o.a. is proving that person is well taking care of that coin.
elaine 1970 is online now   Reply With Quote
Old 02-24-2009, 09:56 PM   #4 (permalink)
Wise young snail
 
FreakyGarrettC's Avatar
 
Join Date: Oct 2008
Location: im in ur fridge eatin ur foodz
Posts: 2,976
My Mood:
Quote:
Originally Posted by elaine 1970 View Post
i rather have a coin with original c.o.a. and other things attached to it. even if the c.o.a. is nothing important. it look complete. beside having c.o.a. is proving that person is well taking care of that coin.
My exact feelings.
__________________
FreakyGarrettC is offline   Reply With Quote
Old 02-24-2009, 10:10 PM   #5 (permalink)
Clueless
 
Andrew67's Avatar
 
Join Date: Nov 2008
Location: Central Maine
Posts: 558
Quote:
Originally Posted by FreakyGarrettC View Post
My exact feelings.
I agree. G shouldn't you be in bed getting better.
Andrew67 is offline   Reply With Quote
Old 02-25-2009, 09:36 AM   #6 (permalink)
Wise young snail
 
FreakyGarrettC's Avatar
 
Join Date: Oct 2008
Location: im in ur fridge eatin ur foodz
Posts: 2,976
My Mood:
Quote:
Originally Posted by Andrew67 View Post
I agree. G shouldn't you be in bed getting better.
I have a laptop.
__________________
FreakyGarrettC is offline   Reply With Quote
Old 02-25-2009, 12:58 AM   #7 (permalink)
Junior Member
 
Join Date: Feb 2009
Posts: 9
My Mood:
thank's for your all opinion ^____^
temmy24k is offline   Reply With Quote
Old 02-25-2009, 08:52 AM   #8 (permalink)
Supporter**
 
Daggarjon's Avatar
 
Join Date: Sep 2005
Location: Michigan
Posts: 7,999
My Mood:
i wont buy any modern commems without the packaging as it comes from the mint. It may be worthless paper as someone said but its part of the presentation imho.
__________________
Please visit My coin and currency Website. Any comments appreciated either on cointalk, or by signing my Guestbook

WINS Member #: 779 - IBNS Member #: 9963

Most coin or currency storage questions answered here
Daggarjon is online now   Reply With Quote
Old 02-25-2009, 09:15 AM   #9 (permalink)
Junior Member
 
Join Date: Jan 2009
Posts: 12
My Mood:
Elaine is exactly correct.I sell a whole lot of commemoratives (well over 3300 ebay transactions and countless sales aside from ebay) and I can say that a COA along with all mint issued packaging is key to getting top price for these types of issues due to the fact that having them in good condition shows how they have been cared for.
On other items such as say Spanish Pillar and bust dollars,because so many have been faked over the years,a COA from a respected expert gives buyers the piece of mind they need to be confident about a purchase.
Yorkazuna is offline   Reply With Quote
Old 02-25-2009, 02:24 PM   #10 (permalink)
Treasure Hunter
 
Cloudsweeper99's Avatar
 
Join Date: May 2005
Posts: 5,234
If you are going to pay full price for a modern commemorative, you should get all of the packaging or paperwork. If you are buying anything for close to melt value, or any coin that isn't a modern commem, it makes no difference.
Cloudsweeper99 is offline   Reply With Quote
Old 02-25-2009, 03:54 PM   #11 (permalink)
exsisto magister
 
LostDutchman's Avatar
 
Join Date: Jan 2009
Location: Indianapolis, IN
Posts: 1,171
My Mood:
Blog Entries: 1
Quote:
Originally Posted by Cloudsweeper99 View Post
If you are going to pay full price for a modern commemorative, you should get all of the packaging or paperwork. If you are buying anything for close to melt value, or any coin that isn't a modern commem, it makes no difference.
I agree, I discount US mint items when buying them if they do not have COA's or boxes because the people who buy them from me then discount them when they buy them from me for the same reason.

As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO.
__________________
Matt Dinger
Lost Dutchman Rare Coins


LostDutchman is offline   Reply With Quote
Old 02-25-2009, 04:57 PM   #12 (permalink)
Junior Member
 
Join Date: Jan 2009
Posts: 12
My Mood:
Quote:
Originally Posted by LostDutchman View Post
I agree, I discount US mint items when buying them if they do not have COA's or boxes because the people who buy them from me then discount them when they buy them from me for the same reason.

As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO.
True unless you are talking about a COA on a particular coin from a noted and industry respected expert.COAs provided by marketing companies printed like wall paper are certainly not included in my earlier comment.-lol
Yorkazuna is offline   Reply With Quote
Old 02-26-2009, 10:13 AM   #13 (permalink)
exsisto magister
 
LostDutchman's Avatar
 
Join Date: Jan 2009
Location: Indianapolis, IN
Posts: 1,171
My Mood:
Blog Entries: 1
Quote:
Originally Posted by Yorkazuna View Post
True unless you are talking about a COA on a particular coin from a noted and industry respected expert.COAs provided by marketing companies printed like wall paper are certainly not included in my earlier comment.-lol
I agree with that. But I haven't seen too many of the aforementioned COA's from experts.
__________________
Matt Dinger
Lost Dutchman Rare Coins


LostDutchman is offline   Reply With Quote
Old 02-26-2009, 09:34 AM   #14 (permalink)
Treasure Hunter
 
Cloudsweeper99's Avatar
 
Join Date: May 2005
Posts: 5,234
Quote:
Originally Posted by LostDutchman View Post
As far as other stuff is concerned... the COA's are usually there to add an semblance of value to something that may not have any.... another sales pitch or selling point IMO.
The US Mint learned long ago that if they produce coins with mintage limits to create artificial scarcity and package them nicely, the market treats them as valuable. I occasionally find a silver commem in an antique shop or elsewhere without any packaging selling for about melt value. It is usually a coin in average MS condition. That's about the only time I buy them. However, many gold commems sell for melt value in MS69 holders from reputable TPGs. That's one of my favorite buys.
Cloudsweeper99 is offline   Reply With Quote
Old 02-26-2009, 10:11 AM   #15 (permalink)
Coin Hoarder
 
bhp3rd's Avatar
 
Join Date: Dec 2008
Location: Knoxville
Posts: 1,266
COA, non COA, ABC, non ABC, DEIFG

COA, non COA, ABC, non ABC, DEIFG??????????
With this little sticker and $2 you can get a pretty good cup of coffee or a lottery ticket - both with be worth more that any sticker there is.
I keep telling you'all - this entire deck of cards ( modern high graded coins and stickers) is going to come tumbling down and then you can remember your old friend Ben who time and time again forewarned you of it!
I guarantee that modern graded coins in ABCD MS & Pr.-69 are going to be used as doorstops and will trade at less (in some cases much less) than the original packaged material - and this original modern stuff will also be worth very little even in the original package.
__________________
Benjamin Harrison Peters III
Owner/Operator The Knoxville Coin Show
Longest running Coin Show in the south now for over 27 years!
bhp3rd is offline   Reply With Quote
Reply

Bookmarks

Tags
coa, gold, invest, price, silver
Would you like to support CoinTalk?

Coin Talk Code of Honor
1. Post unto others as you would have them post unto you.
2. Keep it clean, like a 1950s family television show.
3. If you don't like the coin, don't trash the person.

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
2003 Proof Set Coa & Disappearing 3 Errors COIN STASHER US Coins Forum 15 04-13-2009 01:03 AM
Soviet silver commemorative coins in original box + COA gxseries World & Ancient Coins 0 02-13-2008 02:45 PM
No COA tomn66 US Coins Forum 5 02-13-2007 03:24 PM
Numbered COA Pepperoni What's it Worth 7 02-05-2007 12:14 PM
numerous items for sale or trade claw Open 3 03-25-2006 10:37 AM

» Newsletter
Sign up for CoinTalk's Newsletter
enter your email address below.
» Unanswered Posts
Do You Have the Answer?
» Sponsors

» Today's Top Posters
Top Posters in Last 1 Days
[28]
[24]
[19]
[12]
[11]
[11]
[10]
[10]
[8]
[8]

All times are GMT -4. The time now is 11:30 PM.


vBAdvertise v1.0.0 Copyright ©2009, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
Copyright 2008 CoinTalk
"Wiki" powered by VaultWiki v2.5.0.
Copyright © 2008 - 2009, Cracked Egg Studios.